PEAK6 Investments L.P. purchased a new position in Hexcel Co. (NYSE:HXL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,364 shares of the aerospace company’s stock, valued at approximately $208,000.
Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Hexcel by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after buying an additional 200 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Hexcel by 2.0% in the fourth quarter. Aperio Group LLC now owns 41,126 shares of the aerospace company’s stock worth $2,544,000 after buying an additional 818 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hexcel by 6.2% in the third quarter. Pacer Advisors Inc. now owns 14,481 shares of the aerospace company’s stock worth $831,000 after buying an additional 844 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Hexcel by 12.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 8,599 shares of the aerospace company’s stock worth $532,000 after buying an additional 929 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Hexcel by 1.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 94,892 shares of the aerospace company’s stock worth $5,869,000 after buying an additional 946 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on HXL shares. Stephens started coverage on shares of Hexcel in a report on Wednesday, December 6th. They issued an “overweight” rating and a $74.00 price target on the stock. Canaccord Genuity increased their price target on shares of Hexcel from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Credit Suisse Group reissued a “neutral” rating and issued a $67.00 price target (up from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Hexcel from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, Loop Capital set a $64.00 target price on shares of Hexcel and gave the company a “hold” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Hexcel presently has an average rating of “Hold” and a consensus target price of $65.90.
In other Hexcel news, CEO Nick L. Stanage sold 25,000 shares of Hexcel stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $63.02, for a total transaction of $1,575,500.00. Following the transaction, the chief executive officer now directly owns 179,463 shares of the company’s stock, valued at $11,309,758.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nick L. Stanage sold 27,174 shares of Hexcel stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the transaction, the chief executive officer now directly owns 181,637 shares in the company, valued at $11,626,584.37. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Shares of Hexcel Co. (NYSE HXL) opened at $66.81 on Friday. The firm has a market cap of $6,056.29, a P/E ratio of 25.15, a P/E/G ratio of 2.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 1.31. Hexcel Co. has a one year low of $49.20 and a one year high of $69.52.
Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The business had revenue of $511.70 million for the quarter, compared to the consensus estimate of $506.70 million. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. Hexcel’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. equities analysts anticipate that Hexcel Co. will post 3.04 EPS for the current fiscal year.
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Hexcel Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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